91. An agent is prohibited from doing all of the following except:
*
a. alter an application without the applicant’s prior written approval.
b. convince a prospective client to cancel his policy in one insurance company in order to buy a policy in the insurance company represented by the agent.
c. refund some of his commission to his client.
d. make complete comparisons of policies he sells and those offered by competing insurance companies.
92. Inducing an insured to lapse or forfeit his insurance
*
a. is not allowed by the conditions of the contract.
b. is always to the advantage of the policyholder.
c. is an offense in the great majority of cases.
d. is a matter left entirely to the discretion of the agent.
93. The suicide clause is in effect for
*
a. the first 6 months.
b. the first year.
c. the first 2 years.
d. the first 18 months.
94. Benefits payable under health insurance policies cover
*
a. accidental death and dismemberment benefits.
b. expense reimbursement benefits.
c. disability income benefits.
d. all of the above
95. In case of misstatement of age
*
a. the policy is cancelled and a new one is issued for the correct age.
b. the insured can be changed.
c. the amount of insurance is adjusted to the amount which the premium paid at the correct age would have purchased.
d. the policy remains in force and the company cannot contest it.
96. Name the provision in a permanent life insurance policy under which, if the premiums are discontinued, full insurance coverage will be maintained for a specified period.
*
a. extended term insurance
b. paid up insurance
c. paid up additions
d. life income option
97. Which of the following is not derived from the non-forfeiture values?
*
a. cash surrender value
b. paid up insurance
c. dividends
d. extended term insurance
98. In the event that the policyowner elects the paid-up insurance option
*
a. premiums stop and the policy continues for a full face until age 65.
b. premiums cease and protection continues for a reduced amount.
c. insurance continues at a reduced amount and with reduced premium.
d. the policy will automatically terminate.
99. Which of the non-forfeiture option gives the largest amount of protection?
*
a. fully paid insurance
b. cash surrender value
c. extended term insurance
d. all of the above give equal protection
100.Any policy which has lapsed can be reinstated subject to normal conditions of proof of insurability within
*
a. three years
b. six months
c. one year
d. two years